Armenia’s foreign trade turnover advances 5.5% to over $3608.2 mln in Jan-August

YEREVAN, October 5. /ARKA/. Armenia’s foreign trade turnover increased by 5.5% to over $3608.2 million in January-August 2012 from the same period a year earlier, according to the National Statistical Service of Armenia. 

Export rose by 11.4% to $921.4 million, and import increased by 3.6% to $2686.7 million. As a result, the negative balance was $1765.3 million.

According to the preliminary data, the negative balance of the foreign trade turnover in FOB prices (FOB specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred. The last distinction is important for determining liability for goods lost or damaged in transit from the seller to the buyer- ARKA) hit $1351.6 million in January-August.

The statistical data show that the largest export was reported in mining industry- $263.6 million (5.4% drop), non-precious metals and items made from them- $220.4 million (11.8% slash), ready food industry products - $147.2 (66.9% growth), precious and semi-precious stones, precious metals and items made from them – nearly $113.6 million (2.3% slip), ground, air and water transport means- $51.9 million (18.5 times higher), etc. 

At the same time, within the reported period import prevailed in the following sectors: mining industry-$569.2 million (14.8% growth), cars, equipment and mechanisms- nearly $360.1 million (1.6% up), ground, air and water transport means- $239.5 million (3.3% drop), food industry production- $217.1 million (11.6% growth), and vegetable products- $173.6 million (12.3% rise). ($1-408.38 drams). -0-